IHP Capital Partners and California West Communities have closed a joint venture partnership to develop Skyhaus, a collection of 100 townhomes located in the Rancho Tesoro master plan in San Marcos, California. The Skyhaus project is currently under construction.
“The Skyhaus housing project exemplifies the IHP and California West Communities strategic partnership, that is, delivering attainable priced housing within attractive settings in jobs-rich San Diego County,” said Jeff Enes, senior VP of IHP.
Upon its opening in late 2019, the community will feature two-story townhomes with floor plans ranging from 752 to 1,745 square feet. Its preferred setting on the peak of the Rancho Tesoro community and south of Highway 78 will provide buyers with convenient access to employment centers within North County, miles of scenic trails, sweeping views of San Marcos and resort-style amenities. Prices for Skyhaus will start in the $400,000s.
“Following our past success in the San Marcos market, and with the backing of IHP’s dynamic support and experience, California West has very high expectations for Skyhaus’ success. The opportunity to deliver a contemporary and attainably priced neighborhood of two-story townhomes with some of the area’s most sought-after views is extremely rare in our industry,” shared Robby Thorne, CEO of California West Communities.
